CATALIST-LISTED KLW Holdings saw its counter gain 0.1 Singapore cent, or 14.3 per cent, to S$0.008 in trading on Friday.

The door maker's share price movement followed its announcement on Thursday night that its CEO and controlling shareholder Quek Chek Lan will sell his entire stake in KLW to Sunny Wealth Ltd.

Mr Quek's holdings of 1,044,185,000 ordinary shares represents about 19.41 per cent of the entire issued and paid-up capital of KLW. He had acquired the bulk of his stake last August for about 0.41 Singapore cent per share.

In the wake of a boardroom fight, Mr Quek was appointed the company's CEO in October last year.